Mets 2010 Indicus - MaFoi Randstad

Ma Foi Randstad
2010 Employment Trends Survey

Section A : Indian Economy – Riding on A Positive Note

Section B : Data and Methodology

Section C : Expected Employment Generation

? Financial Services and Insurance (BFSI)
Banking,
Information Technology & Information Technology Enabled Services (IT & ITES)
?
Pharma
?
Healthcare
?
Trade including Consumer, Retail and Services
?
Energy
?
Transport, Storage and Communication
?
Real Estate and Construction
?
Hospitality
?
? and Entertainment
Media
Manufacturing of Non-Machinery Products
?
Manufacturing of Machineries and Equipmants
?
Education, Training and Consulting
?

City-wise Employment Outlook

Section D : Summary and Conclusion

Appendix

? in Salary across Sectors
Increase
? in Salary across Sectors and Size of the Companies
Increase
? total Employment
City wise
? increase in Employment
City wise
? Increase in Salary across Cities
Expected
Proportion of Fresher/Experienced across Sectors
?
Proportion of Fresher/Experienced across Cities
?
Proportion of Fresher/Experienced across Sectors and Ownership
?
Percentage of Work Outsourced Across Sectors
?

The Ma Foi Randstad Employment Survey (MEtS) is a study on Indian employment trends and opportunities conducted by Ma Foi Randstad.
Started in November 2004, till 2008, MEtS was conducted once in a year. Considering the fact that we are witnessing significant shifts in
employment trends within a year’s time, the employment survey will now be conducted every quarter. This will enable capturing changes in
employment scenario in India from one quarter to another. The prime objective of this employment survey is to understand the employment
trends in the organized sector on a quarterly basis. The present survey captures the employment situation in the organized sector for the quarter
January to March 2010 and the likely scenario for the next quarter, i.e., April to June 2010. The study is based on the sample survey conducted
for about 650 companies across different sectors of the economy. The feedback was gathered from the top HR personnel or top management
of the companies who could share the current and the likely scenario regarding employment related issues. The major parameter captured in
the survey is change in hiring pattern or employee numbers.

The report is divided in four sections. The first section (Section A) provides the background as well as an overall view of the Indian Economy.
This is followed by Section B, which discusses about the data and methodological aspects of the study. Section C presents a picture of the
changing pattern of the employment for different sectors of the economy. This section also provides a snapshot of how the scenario is changing
in selected cities. The final section (Section D) concludes the study highlighting key issues.

India economy
on a positive note

The first quarter of the year 2010 was characterised with The infrastructure sector has been given prominence in the
several policy actions having considerable immediate as budget speech. Fiscal deficit to GDP ratio has been
well as longer term implications to Indian economy. budgeted at 5.5 per cent for 2010-11, lower than the
revised estimate of 6.7 per cent for 2009-10. On the
The Union Budgets for 2010-11 were presented in positive note, there has been significant progress in the
February. The Right to Education Act, Women’s much delayed G3 spectrum auction that will catalyse the
Reservation Bill, the Food Security Bill were the focus of telecom sector significantly.
discussions at the social front, which will have immense
impact on Indian population. Submission of report by the The latest available official GDP estimates for agriculture
Thirteenth Finance Commission was another notable indicated a marginal decline of 0.2 per cent over the
incidence. previous year. However, the second advanced estimate of
the Ministry of Agriculture in February 2010 suggested a
Economic policy reforms were also in the agenda of the sharp decline of 7.5 per cent for the same period.
government. Policies such as permission for entry of new However, prices of many commodities have come down,
private sector banks, steps to rationalize fertilizer subsidy, though marginally, and also expected to maintain a further
consolidate FDI policy and reforms in fuel pricing policies downward movement. If the monsoon turns out to be
were amongst the important ones. normal this year across regions, agriculture sector should
witness significantly higher growth in the coming months
Amongst a few unsettling issues in form of violence in the of the year.
Naxal affected areas, disruption of economic activities in
support and opposition to the new state of Telengana, the The industrial sector has shown high growth rates during
common economic agendas were not pushed to the back the last quarter of 2009-10. The average year on year
bench. The monetary policy for 2010-11 announced on growth rate in Index of Industrial Production (IIP) is
April 20, 2010 raised the rates – repo and reverse repo – expected to exceed 10 per cent. Mining and electricity
by 25 basis points. The Cash Reserve Ratio (CRR) was also sectors have grown at significantly higher rates. In
increased by 25 basis points. Exit from the accommodative manufacturing sector, intermediaries, capital goods and
monetary policy stance to address inflationary tendencies consumer durables have experienced output growth of
was articulated in the Third Quarter Review of Monetary more than 10 per cent. However, the consumer non-
Policy by the RBI in January 2010. The shift in priority to durables have been weak within the manufacturing
controlling inflation was evident. segment since these are strongly influenced by the agro-
based industries and export markets.
The Central Budget for 2010-11 reflected the need to
restore fiscal balance with signs that the economic crisis of Amongst the services sectors, external sector related
2008 and 2009 has now abated. Provision of some relief services have shown slower growth in last two consecutive
to the income tax payers by increasing the upper limit of years. Inbound tourism to India, cargo traffic had been
income range, where marginal tax rate was 20 per cent, affected badly due to the recession. Telecommunication
was a welcome measure. The surcharge on Indian was the only sector that sustained growth momentum
companies was reduced. Resource mobilization effort was even during the economic crisis period. It is predicted that
evident in the increase in the indirect tax rates. Subsidies the subscription numbers for telephone connections will
have been budgeted to be lower this year in absolute continue to rise at a rate of more than 40 percent per
value than in the previous year. annum.

The economy has witnessed IIP registered a 13.5% in March 2010 which was a
?
consistently good Index of Industrial slight decline against 15.1% year on year growth in
February
Production [IIP] growth in the previous Infrastructure sectors show robust growth, with steel
?
months and is expected to do so in at 9.2% and cement, coal and electricity at 7.8%
coming months also. There are mix of growth over the previous year.
factors that had led to the recovery of Auto sales continued to zoom up, despite price hikes,
?
the economy after the crisis. seeing double digit growth in April
20.31 million new subscribers were added on the
?
The favourable monetary and fiscal wireless network, bringing tele-density in India to
policy stance and increased spending, 52.74% in March
especially in infrastructure projects, to Consumer price indices fell for the second month in a
?
improve internal demand condition row, bringing inflation down to 14.86% and 15.77%
in March for CPI (Industrial Workers) and CPI
and bringing down the interest rates (Agricultural labourers) respectively.
to ease the liquidity situation, had ? commodities that are crucial inputs in
Prices of
played pivotal role towards the manufacturing have been rising globally has once
recovery. The second most important again fuelled price hikes.
factor that helped the economy was The Reserve Bank of India put in a hike of 25 basis
?
points on the CRR, repo and reverse repo rates in its
low crude petroleum prices in the April 20th policy review
international markets. The average The overall GDP growth for 2010-11 is projected to be
?
crude price was about 20 per cent around 8.5 per cent over previous year. The growth
lower in 2009-10 compared to 2008- will be led by non-agricultural sectors.
? for March, however, grew over 50% to $19.9
Exports
09, which helped to keep the billion compared to the same month during last fiscal
production expenses lower. Quick year. Exports have grown steadily for the last five
revival of capital inflows in 2009-10 months.
was another factor that helped the Fiscal deficit could go below the budget estimates
?
capital markets to regain investors’ essentially supported by the non-agricultural economy
and higher indirect tax rates.
confidence. Domestic capital issues ? in April netted $ 2.099 billion in the equity
FII flows
nearly doubled in 2009-10 as market and $0.684 billion in debt
compared to 2008-09.

data and
The study has used both primary and secondary data to
arrive at different estimates. Secondary data from various
sources have been used. Historical data on the

methodology
manufacturing sector has been culled from various rounds
of the Annual Survey of Industries (ASI) and publications of
the Central Statistical Organization (CSO). Apart from
these sources, the other sources used for the study are
various surveys of the National Sample Survey Organization
(NSSO) Labour Statistics of India, Statistical outline of India.

The above sources have the advantage of almost universal
coverage of the organized sector within their specific
domains. However, data from most of these secondary
sources are not up-to-date. Therefore the estimation
procedure takes care of this problem through using up-to-
date figures on sectoral GDP (Gross Domestic Product) and
Index of Industrial Production (IIP).

Once estimates of base sectoral employment were
obtained, the data captured through primary survey of 650
firms across sectors and selected important cities were
used to arrive at estimates on different parameters. The
primary data has been used mostly estimate parameters for
the first and second quarter of the year 2010.

Coverage of Primary Survey

Sl. No. Sector No. of companies covered

1. Banking Finance Services and Insurance (BFSI) 58
2. IT & ITES 79
3. Pharma 19
4. Healthcare 34
5. Trade including Consumer Retail Services 49
6. Energy 17
7. Transport, storage and communication 49
8. Real Estate and Construction 40
9. Hospitality 35
10. Media and Entertainment 27
11. Manufacturing of Non-Machinery Products 100
12. Manufacturing of Machineries and Equipments 76
13. Education, training and consultancy 60

sense of optimism
Across almost all the sectors a sense of optimism has been
observed. The performance of the economy during last
year, especially, during January to March 2010, has

observed across
provided the necessary impetus to growth for all the
sectors. As a consequence, employment generation is on
card for every sector, though in varying degree. A common

all sectors
trend was observed across all the sectors. High
performance of the economy has encouraged sector
players to recruit new employees in 2010-11. However, the
recruitment will be done with a more planned manner and
will be spread across the entire year rather than aggressive
recruitment at one point of time. The intra-sector
movement of skilled workforce is also expected.

Expected Employment Increase in Different Sectors

Employment Total increase in employees Per cent increase
Sectors
December Jan - March April - June Jan - June Jan - March Apr - June Jan - June
2009 2010 2010 2010 2010 2010 2010

BFSI 852,000 4,400 15,800 20,200 0.52 1.85 2.37

IT & ITES 1,793,000 7,200 34,000 41,200 0.40 1.90 2.30

Pharma 243,000 5,900 6,100 12,000 2.43 2.51 4.94

Healthcare 3,123,000 52,752 96,248 149,000 1.69 3.08 4.77

Trade including CRS 630,800 2,600 5,000 7,600 0.41 0.79 1.20

Energy 874,000 4,200 5,900 10,100 0.48 0.68 1.2

Transport, Storage and Communication 2,638,000 7,100 8,800 15,900 0.27 0.33 0.6

Real Estate and Construction 730,000 9,012 52,115 61,127 1.23 7.14 8.37

Hospitality 5,951,000 21,500 49,000 70,500 0.36 0.82 1.18

Media and entertainment 1,272,000 10,300 28,700 39,000 0.81 2.26 3.07

Non-machinery Manufacturing 4,424,000 9,300 17,300 26,600 0.21 0.39 0.60

Mfg. of machineries and equipments 1,106,000 3,100 5,300 8,400 0.28 0.48 0.76

Education, Training and Consultancy 9,715,000 16,200 23,200 39,400 0.17 0.24 0.41

Ma Foi Randstad Employment Trends Survey
Employment in Dec. 2009 852,000
banking, financial Estimated Employment in March 2010 856,400
Estimated Employment in June 2010 872,200
services and insurance

Estimated increase in employment

“stimulus provided in the 45000

union budget, release of 40000

licences to NBFCs and 35000

30000
private players has created 25000
a significant positive impact.” 20000 1.85%

15000

10000 0.52%

5000

0 4400 15800

Jan - Mar April - June
2010 2010

It is expected that by June 2010 the BFSI sector
will register an increase in employment to the
tune of 20,200.
The positive developments in economic front and the stimulus provided
?
in the union budget had raised the sentiment of the sector significantly.
The industry is expecting the positive sentiment to continue. This is
reflected in substantial rise in employment during the quarter April-June
2010.
? the recruitment is estimated higher during the second quarter of
Though
the year, companies are cautious from the past experiences and the
recruitment will not be aggressive. Most of the players would like to
spread the addition in existing employment at different phases during
the year.
Re-capitalisation of PSU banks and release of licenses to NBFCs and
?
private players has a significant positive impact.
New entries and collaborations of large foreign players in insurance
?
market have also acted as a strong positive factor.
It is expected that steps by the policy makers for a superior industry
?
structure for banking in a phased manner through “managed
consolidation” as well as by enabling greater capital availability will drive
for a higher growth as well as boost employment generation in the
sector.
Insurance companies are witnessing increasing demand for project
?
insurance apart from other already existing insurance components.
Corporates are going for project insurance across sectors with the cover
beginning right from the start of the project till it is declared ready for
commercial use. Some of the big projects also take cover for financial
loss arising out of delay in completion. This can act as a big booster for
the insurance sector to grow further and create employment
opportunity.

Estimates of Sector-wise Employment in ‘000

2001 2002 2003 2004 2005 2006 2007 2008 2009 June 2010
1160 1133 1129 1023 985 943 906 912 852 872
Source: MEtS 2008 and current estimates. Estimates are arrived at using NSSO, ASI, CSO and other databases

Employment in Dec. 2009 1,793,000
information technology Estimated Employment in March 2010 1,800,200
Estimated Employment in June 2010 1,834,200
and IT enabled services


“the sector is expected to grow 45000

at around 15.5 per cent in 2010, 40000 1.9%

on the back of growing investor 35000

30000
confidence and favourable 25000
initiatives taken by the 20000

government.” 15000 0.4%

10000

5000

0 7200 34000

2010 2010

It is expected that by June 2010 the IT & ITES
sector will register an increase in employment to
the tune of 41,200.
Continued demand from international markets for both IT and ITES
?
sector is playing a critical role in hiring process.
? from domestic sector is also playing its role to boost to the
Demand
sector
? project will also have a positive impact on hiring pattern
The UID
? in Minimum Alternative Tax [MAT] from 15% to 18% is likely to
Increase
affect the industry adversely
No announcement on the tax rebate in the budget declaration is another
?
dampening factor that will affect aggressive employment generation in IT
& ITES sector.
However, it is expected that the Indian information technology (IT)
?
market is expected to grow at around 15.5 per cent in 2010, on the back
of growing investor confidence and favourable initiatives taken by the
government, which will act in renewing the positive sentiment.
? big outsourcing deals obtained by some large players of the sector
A few
are also playing the role of confidence booster for the sector.


2001 2002 2003 2004 2005 2006 2007 2008 2009 June 2010
- 522 670 821 1045 1343 1798 1888 1793 1834

Ma Foi Randstad Employment Trends Survey Employment in Dec. 2009 243,000
Estimated Employment in March 2010 248,900
pharmaceuticals Estimated Employment in June 2010 255,000


“rise in purchasing power and 45000

increased penetration of health 40000

insurance is expected to drive 35000

30000
growth.” 25000

20000

15000
2.51%
10000 2.43%

5000

0 5900 6100

2010 2010

It is expected that by June 2010 the Pharma sector
tune of 12,000.
? one of the fastest growing manufacturing sectors which is likely to
This is
experience almost the same level of increase in new employment
creation in the sector during both quarters.
The Indian Pharma sector, including domestic, generic exports and
?
CRAMs (Contract Research and Manufacturing Services), continues to
grow at about 13 per cent dwarfing the global average of five-six
percent.
The formulations industry is expected to prosper parallel to the
?
pharmaceutical industry. It is expected that the domestic formulations
market in India will grow at an annual rate of around 17 per cent in
2010, owing to increasing middle class population and rapid
urbanization.
An improved productivity trend has also prevented margin pressures on
?
the companies allowing them to expand further.
? purchasing power and increasing penetration of health insurance
Rising
will support strong growth in business over the coming months. This
growth is expected to be driven by every user segment - metros, tier-II
cities, rural markets, hospitals etc.

Ma Foi Randstad Employment Trends Survey Employment in Dec. 2009 3,123,000
Estimated Employment in March 2010 3,175,752
healthcare Estimated Employment in June 2010 3,272,000


“opening up of new private 180000

hospitals and super-speciality 160000

hospitals combined with the 140000

120000 3.09%

expansion of existing health 100000
facilities will play a significant role 80000 1.69%

in the growth of the sector and 60000

new job generation.” 40000

20000

0 52750 96250

2010 2010

It is expected that by June 2010 the Healthcare
the tune of 161,000.
The healthcare industry in the country, which comprises hospital and
?
allied sectors, is projected to grow 23 per cent per annum.
Expected to grow fast and to contribute significantly large employment
?
to the economy.
The recovery from economic crisis has further strengthened the
?
momentum of the sector.
? sector boom in healthcare sector continues as seen previously.
Private
? up of new private hospitals and super-speciality hospitals along
Opening
with expansion of the earlier existing facilities, create huge opportunity
for generating new employment
? new players into health insurance market is also another factor
Entry of
that boosts the likeliness of generating new employment in the sector
? data released by the Department of Industrial Policy and
As per
Promotion (DIPP), hospitals and diagnostic centres have received FDI
worth US$ 761.18 million during January to April 2010. This will further
boost the growth of the sector.
Announcements by the big players also boosted the sentiments
?
substantially. For Example, Fortis Hospitals is planning to invest
US$ 53.7 million, to expand its facilities pan-India, Asia's leading hospital
chain Columbia Asia Group, which already has six hospitals in the
country, plans to open eight more multi-speciality community hospitals
with a total capacity of 800 beds by mid-2012.
? tourism in India has emerged as the fastest growing segment
Medical
despite the global economic downturn. High cost of treatments in the
developed countries, particularly the USA and UK, has been forcing
patients from such regions to look for alternative and cost-effective
destinations like India to get their treatments done. The Indian medical
tourism industry is presently at a nascent stage, but has an enormous
potential for future growth and development including being one of the
significant contributor to employment generation.


2001 2002 2003 2004 2005 2006 2007 2008 2009 June 2010
2543 2639 2739 2843 2951 3063 3309 3511 3123 3272

trade including Employment in Dec. 2009 630,800
consumer, retail Estimated Employment in June 2010 638,400

and services


“the sector is expected to gain 45000

momentum during the later part 40000

35000
of the year and this will result in 30000
increase in the number of jobs 25000

created.” 20000

15000

10000 0.79%

5000 0.41%

0
2600 5000

2010 2010

It is expected that by June 2010 the Trade sector
tune of 7,600.
The sector is yet to recover completely from the crisis mode. However,
?
expectation of entry of new players as well as the boost in the economy
and higher consumer spending are the encouraging factors for the sector
to build momentum gradually.
Growing positive sentiment has been reflected in higher expected
?
recruitment during the quarter April to June 2010.
Since growth in this sector is strongly correlated with growth in other
?
sectors of the economy, it is expected that the sector will regain
momentum during the later part of the year.
The proposals in Union Budget 2010-11, such as abolition of Fringe
?
Benefit Tax (FBT), hike in the personal income tax ceiling and huge
increase in the outlay for infrastructure will bring indirect benefits to the
sector, by raising consumer spending.
No mention of either Foreign Direct Investment (FDI) or industry status
?
for retail in latest Union Budget, despite the recommendation by the
Economic Survey to allow FDI in multi-format retail, was a
disappointment for the sector.
However, as per a study conducted by the Indian Council for Research on
?
International Economic Relations (ICRIER), the retail sector is expected to
contribute to 22 per cent of India's GDP by 2010.
? penetrate into Tier II and Tier III cities of India by several players
Plans to
will also act as an instrument for employment generation by the sector in
the coming months.


2001 2002 2003 2004 2005 2006 2007 2008 2009 June 2010
502 492 542 563 589 616 651 661 630 638

Ma Foi Randstad Employment Trends Survey Employment in Dec. 2009 874,000
energy Estimated Employment in June 2010 884,100


“various benefits announced by 45000

the government is expected to 40000

create positive growth impact.” 35000

30000

25000

20000

15000
0.68%
10000
0.48%
5000

0 4200 5900

2010 2010

It is expected that by June 2010 the Energy sector
tune of 10,100.
? benefits announced by the Finance Minister while presenting the
Various
Union budget 2010 should have colossal impact on energy sector
An allocation of Rs. 5,130 crore for Rajiv Gandhi Gram Vidyut Yojana
?
(RGGVY), exemption of excise duty on wind power generation and
concessional customs duty on equipments required for photovoltaic and
solar thermal power units will play important role for the growth of the
energy sector.
The government also intends to initiate guidelines to establish "Coal
?
Regulatory Authority" which would assist issues such as monetary
costing of coal and setting a performance benchmark.
An incentive hike of 61% for the Ministry of New and Renewable Energy
?
from the previous Rs.620 crore to Rs.1, 000 crore has also been
announced.
The budget has suggested establishing solar plants and other micro
?
power plants at a price of Rs.500 crore to deal with the problem of
energy shortage in the Ladakh district of Jammu and Kashmir.
? reduction in central excise tariff on LED lights, an energy-
4% of
proficient lighting option for home, office and street lighting and full
central excise tax exemption on electric cars and automobiles that use
eco-friendly energy substitutes are some positive steps by the
government, which will help in the sector’s growth.


2001 2002 2003 2004 2005 2006 2007 2008 2009 June 2010
987 965 963 951 941 930 927 938 874 884

transport, storage Estimated Employment in March 2010 2,645,100
and communication


“immense thrust from the Union 45000

Government towards the 40000

35000
infrastructure development both 30000
in rural and urban belts across 25000

the country has led to significant 20000

job creation in the sector.” 15000
0.27%
0.33%

10000

5000

0
7100 8800

2010 2010

It is expected that by June 2010 the Transport,
Storage and Communication sector will register an
increase in employment to the tune of 15,900.
The union budget 2010-11has provided immense thrust to infrastructure
?
development.
Provision of Rs. 173,552 crore to plan allocation for infrastructure
?
development, Rs. 48,000 crore for Bharat Nirman, an allocation of Rs.
20,000 crore for India Infrastructure Finance Company Limited [IIFCL]
disbursement will have a positive impact on the growth of the sector and
will result into new hiring also.
Allocation of Rs. 66,100 crore for rural development and announcement
?
of enhanced income tax benefit on investing in infrastructure bonds will
also play positive role for the sector growth.
An allocation of Rs 167.52 bn provided for Railways, which is about
?
Rs. 9.50 bn more than last year.
? Rail Projects for urban transport are being granted project imports
Mono
status.
Introduction of 3G will certainly boost the communication to expand
?
further.
However, improving operational efficiencies as well as the fact that a
?
large proportion of employment in this sector is in unorganised sector,
creation of employment in organised part of this sector is not
commensurate to its growth.


2001 2002 2003 2004 2005 2006 2007 2008 2009 June 2010

3118 3085 3018 2969 2920 2870 2823 2824 2638 2654

Employment in Dec. 2009 730,000
real estate and Estimated Employment in March 2010 739,012
Estimated Employment in June 2010 791,127
construction


“recovery from economic crisis 90000

and positive sentiment towards 80000

70000
the sector is expected to lead to a 60000 7.14%

higher employment in the 50000

sector.” 40000

30000

20000
1.23%
10000

0
9012 52100

2010 2010

It is expected that by June 2010 the Real Estate
and Construction sector will register an increase in
employment to the tune of 61,100.
Real estate sector is again expected to grow at a fast pace during 2010-
?
11. Recovery from economic crisis and positive sentiment towards the
sector is expected to lead to a higher employment during April to June
2010.
The union budget 2010-11 has provided boost to the sector for further
?
growth. Interest subvention loan for houses costing upto Rs. 2 million
has given the impetus to companies especially for those into affordable
housing.
Substantial increase in allocation in Rajiv Awas Yojana for slum dwellers,
?
from Rs. 150 crore to Rs. 1270 crore, will play a positive role for the
sector growth as well as employment scenario.
Similarly, an increase in allocation for urban development, from Rs. 3060
?
crore to Rs. 5400 crore will also boost the sector further.
? the sector will employ substantial number of new recruits, it will
Though
be spread across the year.
? estate sector is also likely to get a boost from Real Estate Mutual
The real
Funds (REMFs) and Real Estate Investment Trusts (REITs).


2001 2002 2003 2004 2005 2006 2007 2008 2009 June 2010
1183 1082 992 926 863 804 771 804 730 791

hospitality Estimated Employment in June 2010 6,021,500


“significant growth in the 90000

economy post recession and the 80000

development in infrastructure is 70000

60000
expected to have a positive
0.82%

50000
impact resulting in increase in the 40000

number of jobs created.” 30000 0.36%

20000

10000

0 21500 49000

2010 2010

It is expected that by June 2010 the Hospitality
the tune of 79,500.
Hospitality was one of the fastest growing sectors which was hit hard
?
during the recession. But it is now gaining momentum since end 2009
and is expected to grow again at a fast pace. This is also one of the
sectors that generate significant employment in the economy and the
survey suggests that it is expected to contribute a significant proportion
of the new employment generation for the country.
Announcement of Investment linked tax deduction in the Union Budget
?
2010-11 has given a big boost to the hospitality sector. This will play
strong positive role of sector’s growth in the coming months.
? in allocation across schemes for infrastructure as well as road
Increase
development will also play a positive role.
? of inbound tourists to India as well as of domestic tourists has
Number
increased significantly compared to the period of global economic
recession. This has again helping the sector to regain confidence and to
expand further.


2001 2002 2003 2004 2005 2006 2007 2008 2009 June 2010
4764 4946 5134 5330 5533 5744 6156 6452 5951 6022

media and Estimated Employment in March 2010 1,282,300
entertainment


“favourable demographics, 45000

recovery in GDP growth rate and 40000

35000
strong long term fundamentals 30000
of the Indian economy will result
2.26%

25000

in a growth rate of 13% (CAGR) 20000

in the next 5 years.” 15000 0.81%

10000

5000

0
10300 28700

2010 2010

It is expected that by June 2010 the Media and
Entertainment sector will register an increase in
employment to the tune of 39,000.
The sector, which is dependent on advertising for almost 38% of its
?
revenues, was hit last year due to shrinking advertisement budgets.
? 2010 is expected to see the sector coming out of the shackles
The year
of the slowdown and a substantial increase in advertisement spending.
? Premier League [IPL] as a sports property has grown from strength
Indian
to strength and is there to stay boosting advertising revenue growth
The sector is expected to grow at a rate of 13 per cent (CAGR) for next 5
?
years. This growth will be driven by the factors like favourable
demographics, recovery in the GDP growth rate, strong long term
fundamentals of the Indian economy, expected rise in advertising to GDP
ratio and increasing media penetration.

manufacturing Estimated Employment in March 2010 4,433,300
non-machinery products


“there is widespread positive 45000

sentiment across sectors due to 40000

the strong growth experienced in 35000

30000
the last few months.” 25000
0.39%
20000

15000
0.21%
10000

5000

0 9300 17300

2010 2010

It is expected that by June 2010 the
Manufacturing [Non-Machinery Products] sector
tune of 26,600.
A positive is widespread across the sectors. This is due to strong growth
?
experienced by the sectors since last few months which is expected to
continue and strengthen further.
? the sectors are optimistic about hiring; however, will maintain a
Most of
cautious stand regarding the same.
? towards increasing productivity level to optimize the cost of
Efforts
production are leading towards planned recruitment as well as
recruitment of manpower with specific required skills.
?players are still recovering and more cautious about new
Small
recruitments.


2001 2002 2003 2004 2005 2006 2007 2008 2009 June 2010
6580 6383 6545 6459 5496 5315 5045 4934 4,671 4710

manufacturing Estimated Employment in March 2010 1,109,100
machineries and equipments


“increase of sales in the 45000

automobile sector and high 40000

growth experienced across 35000

30000
various segments has created an 25000
optimistic outlook.” 20000

15000

10000 0.48%
0.28%
5000

0 3100 5300

2010 2010

It is expected that by June 2010 the
Manufacturing – Machineries and Equipments
the tune of 8,400.
This sector is experiencing high growth in previous months, especially in
?
terms of sales, which has spread optimism across the board.
Significant increase in sales of automobiles and other engineering
?
products are in the forefront to spread the positive sentiments across the
sector.
Consumer durables are expecting further upsurge in sales as well as
?
production.
However, the small scale sector is still cautious about expanding activities
?
as well as employment base.
? a positive situation is expected towards hiring scenario for the
Overall,
sector.


2001 2002 2003 2004 2005 2006 2007 2008 2009 June 2010
1296 1231 1259 1263 991 943 894 901 1106 1114

education Estimated Employment in June 2010 9,754,400


“government's thrust through 45000

introduction of Right to 40000

Education Act, increased plan 35000

30000
allocation combined with the 25000
0.24%

demand from the private 20000 0.17%

educational institutes has 15000

increased the demand for 10000

manpower in the sector.” 5000

0 16200 23200

2010 2010

It is expected that by June 2010 the Education,
Training and Consulting sector will register an
increase in employment to the tune of 39,400.
With 13.5 crore children in primary schools, India has the largest student
?
population and it requires continuous flow of manpower (teaching as
well as non-teaching) for the educational sector to cater such a large
number of students in the country.
? with education sector, the recovery of the economy will boost the
Along
need for training, research and consultancy.
An increase in plan allocation from Rs. 26,800 crore to Rs. 31,036 crore
?
and grant to the states of Rs. 3,675 crore will help the sector positively.
? from the private sector educational institutes will play a major
Demand
role in generating new employment in the sector.


2001 2002 2003 2004 2005 2006 2007 2008 2009 June 2010
7566 7950 8353 8777 9222 9690 10262 10383 9715 9754

Ahmedabad
Substantial hiring has taken place since December 2009. The mood of the
companies is upbeat since most of the sectors including manufacturing as well
as services have experienced positive growth and are also expecting further
growth with the hope of renewed investment. A positive trend is expected
during April to June 2010.

Bangalore
Hiring has gone up compared to last year. The major driving force is IT & ITES
sector. However, it’s still at a quite away from the last week. It is expected that
during the course of the current year this will improve gradually.

Chennai
Hiring went up significantly compared to the last quarter of 2009. The prime
leaders were IT and manufacturing. It is expected that as the year progresses,
hiring scenario will also be improved significantly.

Delhi & NCR
Compared to the last quarter, hiring has gone up significantly. However, the
expectation of better performance by Media, BFSI, trade and other services is
expected to result in strong hiring intentions by the companies in the coming
months.
Hyderabad
city wise Not much hiring activities have been reported by the companies though
employment outlook performances of the companies from different sectors are gradually looking up.
However, the cautious movement about hiring might change once the sectors
bounce back with greater performances. Expectations for the coming months
are positive, though not very strong.

Kolkata
Hiring situation has improved compared to the last quarter of 2009 with
manufacturing and IT related sectors as frontrunners. The situation is expected
to become even better in the coming months with the hope that media, trade
and some other services will bounce back strongly.

Mumbai
Mumbai hiring situation did not show any significant difference from the last
quarter of 2009. A cautious approach and efforts towards optimizing the cost
are the major reasons behind this, although there is optimism. However, the
situation is expected to reverse once the companies are convinced that the
economy has stabilized. Increased hiring scenario is expected during the next
quarters of the year.
Pune
Pune shows a strong positive movement in hiring across sectors in comparison
to the October-December quarter of 2009. Real estate, IT&ITES and
manufacturing sector growth are the major driving force behind this. Responses
from the companies suggest that this will grow stronger in the coming months
of the year.

Mets 2010 Indicus - MaFoi Randstad

Mets 2010 Indicus - MaFoi Randstad

Recommandé

Recommandé

Contenu connexe

Tendances

Tendances (20)

En vedette

En vedette (17)

Similaire à Mets 2010 Indicus - MaFoi Randstad

Similaire à Mets 2010 Indicus - MaFoi Randstad (20)

Plus de Indicus Analytics Private Limited

Plus de Indicus Analytics Private Limited (20)

Dernier

Dernier (20)

Mets 2010 Indicus - MaFoi Randstad